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COVID-19, Vaccination, and Consumer Behavior

Author

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  • Masayuki MORIKAWA

Abstract

With COVID-19's continued spread, vaccination is expected to facilitate the recovery of household consumption; however, a high degree of uncertainty exists regarding vaccination's effectiveness in restoring economic activity. Based on an original survey of individuals in July 2021, this study presents evidence about the relationship between vaccination and consumer behavior. According to the results, a relatively large number of respondents intend to increase consumption after the pandemic ends, but not many will increase consumption after receiving the vaccination. No clear association with health status or individual infection risk was detected, but those who used the 2020 GoTo campaign tended to exhibit higher intention to increase consumption after vaccination.

Suggested Citation

  • Masayuki MORIKAWA, 2021. "COVID-19, Vaccination, and Consumer Behavior," Discussion papers 21079, Research Institute of Economy, Trade and Industry (RIETI).
    • Handle: RePEc:eti:dpaper:21079
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    File URL: https://www.rieti.go.jp/jp/publications/dp/21e079.pdf
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    References listed on IDEAS

    as
    1. Yoichi SEKIZAWA & Sora HASHIMOTO & Kenzo DENDA & Sae OCHI & Mirai SO, 2021. "Who Does Not Want to be Vaccinated Against COVID-19? - An Internet Survey in Japan (Japanese)," Discussion Papers (Japanese) 21026, Research Institute of Economy, Trade and Industry (RIETI).
    2. Scott R. Baker & Robert A Farrokhnia & Steffen Meyer & Michaela Pagel & Constantine Yannelis, 2023. "Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments," Review of Finance, European Finance Association, vol. 27(6), pages 2271-2304.
    3. Michiru Kaneda & So Kubota & Satoshi Tanaka, 2021. "Who spent their COVID-19 stimulus payment? Evidence from personal finance software in Japan," The Japanese Economic Review, Springer, vol. 72(3), pages 409-437, July.
    4. Takashi UNAYAMA & Norihiro KOMURA & Takahiro HATTORI, 2021. "Impacts of Cash Transfers on Consumption during the COVID-19 Pandemic: Evidence from Japanese Special Cash Payment (Japanese)," Discussion Papers (Japanese) 21022, Research Institute of Economy, Trade and Industry (RIETI).
    5. Takahiro HATTORI & Norihiro KOMURA & Takashi UNAYAMA, 2021. "Impact of Cash Transfers on Consumption during the COVID-19 Pandemic: Evidence from Japanese Special Cash Payments," Discussion papers 21043, Research Institute of Economy, Trade and Industry (RIETI).
    6. Olivier Coibion & Yuriy Gorodnichenko & Michael Weber, 2020. "How Did U.S. Consumers Use Their Stimulus Payments?," Working Papers 2020-109, Becker Friedman Institute for Research In Economics.
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    Cited by:

    1. Hiroaki MASUHARA & Kei HOSOYA, 2022. "What Impacts Do Human Mobility and Vaccination Have on Trends in COVID-19 Infections? Evidence from four developed countries," Discussion papers 22087, Research Institute of Economy, Trade and Industry (RIETI).

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